Quarterly report [Sections 13 or 15(d)]

INVENTORIES

v3.25.1
INVENTORIES
3 Months Ended
Mar. 31, 2025
Inventory Disclosure [Abstract]  
INVENTORIES
NOTE 7. INVENTORIES
Inventories are stated at the lower of cost or net realizable value. Inventories included the following:
 
In millions March 31,
2025
December 31,
2024
Finished products $ 2,982  $ 2,875 
Work-in-process and raw materials 3,354  3,086 
Inventories at FIFO cost 6,336  5,961 
Excess of FIFO over LIFO (213) (219)
Inventories $ 6,123  $ 5,742